Advertisement
YOU ARE HERE: LAT HomeCollectionsProfits

VALLEY EARNINGS

Micom Systems Profits Drop in 3rd Quarter

January 20, 1987

Micom Systems, based in Simi Valley, reported that earnings for the third quarter ended Dec. 31 were $3.46 million, down 16.6% from the same quarter a year ago. Sales were up 3% to $50,518,000.

For nine months, Micom's sales were $144,732,000, compared with $142,695,000 in the previous year. Net income for the nine-month period was $7,926,000, down 13.8% from the year before.

Micom is a supplier of data-communications equipment for office computer networks, and also sells data-communications products by catalogue.

The company said it experienced lower profit margins in part because of problems in starting up some new products.

Advertisement
Los Angeles Times Articles
|
|
|